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Jan 20, 2013
01/13
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he paid some 100,000 euros but only got a bear shell. the managers took the money out of the construction company and let it go bankrupt. he had to sink another $100,000 into finishing the house. but that was not all. he feels cheated by the bankruptcy trustee who required him to pay another $100,000 to free the house from bankruptcy. that ruined him. >> i have to come up with some 100,000 euros for the house every month. those are the installments i have to pay for another 15 or 20 years with interest on top. so there's no question of retirement. my son supports me, so i can come up with the money. but we might end up having to sell the house because we are running out of money. and we are running out of the energy to scrape it together every month. emma the president's new year speech from the prague castle, residents of the czech presint out rage -- >> the president's new year speech. it took nearly half a second to mention the amnesty. one of every four prisoners in the czech republic walk free. 6000 people altogether. and several ca
he paid some 100,000 euros but only got a bear shell. the managers took the money out of the construction company and let it go bankrupt. he had to sink another $100,000 into finishing the house. but that was not all. he feels cheated by the bankruptcy trustee who required him to pay another $100,000 to free the house from bankruptcy. that ruined him. >> i have to come up with some 100,000 euros for the house every month. those are the installments i have to pay for another 15 or 20 years...
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Jan 29, 2013
01/13
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brussels is not amused, not least because the euro crisis is far from over. now europe is looking for ways to more effectively track down and penalize tax dodgers. in italy, tax collecting is done by the finance police, the guardia de finanza. employees often used dubious methods when chasing down tax defaulters. the tax collectors work on commission. the more people they catch, the better for them. that is putting pressure on ordinary italians, especially small and medium-size companies. >> it was a spectacular protest against italy's new tax laws. the owner of a small beach bar scaled the dome of st. peter's basilica in rome and stayed put for some 24 hours. when he climbed back down, he was greeted by a cheering crowd. [applause] >> i really hope this tax issue is resolved soon and our small businesses as well as the whole economy can pick up again, at least a little. >> the tax measures by italy's technocrat government under the prime minister are another weapon in the country's never- ending fight against tax evasion. the so-called financial police is se
brussels is not amused, not least because the euro crisis is far from over. now europe is looking for ways to more effectively track down and penalize tax dodgers. in italy, tax collecting is done by the finance police, the guardia de finanza. employees often used dubious methods when chasing down tax defaulters. the tax collectors work on commission. the more people they catch, the better for them. that is putting pressure on ordinary italians, especially small and medium-size companies....
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Jan 7, 2013
01/13
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euro/dollar, just above 1.30. it was just below it at the low point last week. a survey by reuters says economists are starting the year 2013 in a relatively optimistic mood. i wonder whether the key word is relative. how were they last year? >> what we're seeing in this survey is that opt on mimp has picked up quite a bit in the last six months. looking behind the headline numbers, what seems to have happened is there's a pretty big fact in expectations of the break-up of a single currency. a year ago, that was a dominant concern. there's more confidence about the outlook for growth in the uk and europe, as well. >> and despite that relative change of optimism, there's still incentives, though? >> yeah. >> it's not going to translate into any big action? >> what we've seen with the survey is that sentiment really does seesaw on the basis of what's happening in the macro economy. so you get a shocking europe and sentiment tanks. you get good news from europe and sentiment picks up. what we've found is that the strategies that companies are actually following, mu
euro/dollar, just above 1.30. it was just below it at the low point last week. a survey by reuters says economists are starting the year 2013 in a relatively optimistic mood. i wonder whether the key word is relative. how were they last year? >> what we're seeing in this survey is that opt on mimp has picked up quite a bit in the last six months. looking behind the headline numbers, what seems to have happened is there's a pretty big fact in expectations of the break-up of a single...
WHUT (Howard University Television)
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Jan 28, 2013
01/13
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WHUT
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we need firm rules for who can be in the euro and who can be out of the euro and what conditions they have to meet to make those transitions. and we need some sort of fiscal architecture to protect the euro against these enormous issuances of unsustainable debt. >> unfortunately, since that feels quite far away from where we're standing right now, we must contemplate the worst case scenario, which would be one country leaving the euro followed by several others. a complete collapse of confidence in the european project and the eurozone project, losing several banks, people on the streets, riots. (singing) (instrumental music) >> the u.s. treasury secretary tim geithner, concerned about the eurozone crisis, sought a meeting with the german finance minister wolfgang schauble on his holiday. in a statement, they said there was a need for global cooperation to resolve debt problems. >> as the european union's greatest ally and trading partner, what can the u.s. do to prevent a break up? >> well the eurozone is of course america's leading trade partner. and as a consequence, if the eurozon
we need firm rules for who can be in the euro and who can be out of the euro and what conditions they have to meet to make those transitions. and we need some sort of fiscal architecture to protect the euro against these enormous issuances of unsustainable debt. >> unfortunately, since that feels quite far away from where we're standing right now, we must contemplate the worst case scenario, which would be one country leaving the euro followed by several others. a complete collapse of...
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Jan 8, 2013
01/13
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CNBC
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that helps gives the euro a bit of a lift at 1.40.65. dollar/yep, more profit taking after hitting that 29-month high on friday. euro/dollar, we dipped below 1.30. 1.3116 is where we stand at the moment. that's why we are in european trade. rejoining us with a look at the asian trade, li sixuan in singapore. >> thank you, ross. most asian markets finished in the red following a week gain on wall street. the nikkei ending nearly 11% lower. this despite the new prime minister stepping up his call for easing yet again. exporters extended losses. sharp shares jumped after the tvmaker forecasted better than expected operating profits for the december quarter. in china, the shanghai composite slipped by .4%. property counters were the big loserses. and the hang seng shed almost 1% today. ping an shares fell more than 4% after news that the china development bank is reconsidering the sale of shares in ping an shares. china pacific insurance sharply lover after u.s. carlyle group sold its remaining stake in the company. in taiwan, htc lost groun
that helps gives the euro a bit of a lift at 1.40.65. dollar/yep, more profit taking after hitting that 29-month high on friday. euro/dollar, we dipped below 1.30. 1.3116 is where we stand at the moment. that's why we are in european trade. rejoining us with a look at the asian trade, li sixuan in singapore. >> thank you, ross. most asian markets finished in the red following a week gain on wall street. the nikkei ending nearly 11% lower. this despite the new prime minister stepping up...
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Jan 4, 2013
01/13
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euro/dollar, down to 1.30. the aussie dollar is weaker is sterling is also down against the greenback. we were proep probing above 1.63 a couple of minutes ago. they said so the fed comments pretty much dominating today's market session. speaking earlier, principal investor jim corcoran suggested that qe hasn't been particularly effective. >> what we are actually seeing now, i think in terms of the fed comments is, you know, within a year or so we might start buying bonds, we might not need to put any qe into the economy. i doubt whether qe created the growth in the u.s. economy. i think it was a turn in the housing market. it was cheap energy and an improvement in u.s. manufacturing. but nevertheless, i think you are seeing for fundamental reasons have pretty good strength in the u.s. >> well, that was jim's view. chris, what do you take away from the minutes yesterday? it had a big impact on the dollar, pushing benchmark yields higher, as well. i think we have to be contextualizing what comes out for minute s
euro/dollar, down to 1.30. the aussie dollar is weaker is sterling is also down against the greenback. we were proep probing above 1.63 a couple of minutes ago. they said so the fed comments pretty much dominating today's market session. speaking earlier, principal investor jim corcoran suggested that qe hasn't been particularly effective. >> what we are actually seeing now, i think in terms of the fed comments is, you know, within a year or so we might start buying bonds, we might not...
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value would reduce euro zone's g.d.p. growth by zero point eight percent. when this competitive devaluation actually could affect the russian ruble or so some experts say here with me i have katie pilbeam who had an opportunity to speak with an expert on this today so what did he say while it was david gray from pricewaterhouse coopers russia and i really wanted to address a topic with him because he's taken the world by storm and he says that's the interesting enough but for the ruble i'm for russia it may. i'm a straight saw resilience. looking for the real to be relatively stable in the i think i don't see big drops in energy prices and i think a flat to moderate energy price and gives us a stable ruble so i think the ruble will tend to attract sideways this year and b if you think about the level of volatility we've experienced in the past even two thousand and twelve was a relatively stable year by historic standards and i think we'll have an and pricewaterhouse coopers they've also just released that business of a f
value would reduce euro zone's g.d.p. growth by zero point eight percent. when this competitive devaluation actually could affect the russian ruble or so some experts say here with me i have katie pilbeam who had an opportunity to speak with an expert on this today so what did he say while it was david gray from pricewaterhouse coopers russia and i really wanted to address a topic with him because he's taken the world by storm and he says that's the interesting enough but for the ruble i'm for...
SFGTV: San Francisco Government Television
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Jan 11, 2013
01/13
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pervasive just telling you the debt crisis is basically a crisis connected to the governments of the euro system that has hit some countries for some reasons. somewhat we were hit because of the sins of our past. we have been having -- we have had a relatively a sizable but stable debt for a long time, but the point is it's very manageable. we are reducing it pretty fast, very fast indeed, and also to reassure the investors if you put together the net household wealth of italians as compared to the debt of the government and the companies the ratio is three to one, so it's a matter of redistribution somehow. italians thanks to god are a wealtdy people and the matter is how we can put things into order in our household but definitely italy is a major stable solid economy, and once -- already there are signs of strong improvement. once this crisis is over we will definitely flex the muscles. please. >> [inaudible] are you planning show case any important architects and designers in this year of italian culture? >> definitely. i mean in san francisco there's a wonderful san francisco design
pervasive just telling you the debt crisis is basically a crisis connected to the governments of the euro system that has hit some countries for some reasons. somewhat we were hit because of the sins of our past. we have been having -- we have had a relatively a sizable but stable debt for a long time, but the point is it's very manageable. we are reducing it pretty fast, very fast indeed, and also to reassure the investors if you put together the net household wealth of italians as compared to...
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Jan 28, 2013
01/13
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and i think at some point in time you've got to get the euro down to the dollar, to a weaker euro, mainly to help for exports and to help spur growth, which is exactly what new prime minister is trying to do in japan. and i think one of things i want to mention that he is very i think is going to push and i think is very correct is trade within asia. and he's got to opportunities. what has been there on the table for a while and is clouded by territorial disputes, which would be japan, korea and china. and i think that it's very important that this go ahead with the second and third largest economies and the 10th largest economy in korea in the world. and he has said he really wants to move ahead on the. so i really hope so but, of course, it's clouded by these territorial disputes. the other is something, and trade as was mentioned as a subject that terry mcgraw has shown tremendous leadership and over the last decade. and we now have something new on the table, not so new was announced almost two years ago, which is the trans-pacific partnership. and i think japan should be part of that
and i think at some point in time you've got to get the euro down to the dollar, to a weaker euro, mainly to help for exports and to help spur growth, which is exactly what new prime minister is trying to do in japan. and i think one of things i want to mention that he is very i think is going to push and i think is very correct is trade within asia. and he's got to opportunities. what has been there on the table for a while and is clouded by territorial disputes, which would be japan, korea...
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Jan 23, 2013
01/13
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in less than a minute, 50 pounds of truffles were exchanged for 30,000 euros-- about $40,000-- with no questions asked about where the truffles came from. >> [speaking french] >> there's a problem of confidentiality and secrecy. and that encourages a mafia-like attitude. >> michel tournayre, a third generation truffle farmer, says that local trufflers have been carjacked, beaten with baseball bats, and even killed. thieves came and stole his truffles, his trees, and, worse, his dogs. when they took your dogs, what did you do? >> [speaking french] >> i looked for them all over europe. i found a world i didn't know about. it's a world that's rotten to the core. >> did you find your dogs? >> never. >> never. [ticking] >> coming up, the impact of cheap chinese imports. >> if i went to china and took it out of the ground, it still wouldn't taste as good? >> no, no. it's like eating wood. >> that's ahead when 60 minutes on cnbc returns. [ticking] [ engine revving ] ♪ [ male announcer ] every car we build must make adrenaline pump and pulses quicken. ♪ to help you not just to stay alive..
in less than a minute, 50 pounds of truffles were exchanged for 30,000 euros-- about $40,000-- with no questions asked about where the truffles came from. >> [speaking french] >> there's a problem of confidentiality and secrecy. and that encourages a mafia-like attitude. >> michel tournayre, a third generation truffle farmer, says that local trufflers have been carjacked, beaten with baseball bats, and even killed. thieves came and stole his truffles, his trees, and, worse,...
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Jan 27, 2013
01/13
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and i think there will be a euro. the question is what it'll look like and what the membership will be. because, you know, originally there was a big school of thought saying that the euro just should have been the northern tier of the membership. it shouldn't have taken in the so-called southern tier countries that have problems. and the next year or two, i think, are really key. and this idea of complacency, and i've had some talks -- actually, he was good enough to buy my book last year and read it, and we've discussed it. i was with him a month ago, and i think he's one of the more thoughtful people in the bureaucracy in brussels. and i think that when he starts talking about complacency, and i should say younger came out, also, and talked about his concern on the value of the euro vis-a-vis the dollar. my point on exports. so i think we're very far from where a lot of members of the marketplace are that, you know, the worst is over for europe, don't worry, it's just a matter of time. >> [inaudible] >> did everyon
and i think there will be a euro. the question is what it'll look like and what the membership will be. because, you know, originally there was a big school of thought saying that the euro just should have been the northern tier of the membership. it shouldn't have taken in the so-called southern tier countries that have problems. and the next year or two, i think, are really key. and this idea of complacency, and i've had some talks -- actually, he was good enough to buy my book last year and...
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Jan 4, 2013
01/13
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one thing was a 20 million euro transaction. for the vatican that is something that happens on a fairly regular basis that they are moving enormous sums of money between the churches. it got flagged. international protections were not in place to keep the money safe. the pope said we are going to fix this but they are still not there yet and the bank of italy said as of january 1 no more credit card transactions until you get it right. >> i'm not sure, some people say it is a glyp and we are going to fix this and it will be back to business as usual and other people say this could end up something more serious. where do you weigh in? >> the vatican has said we will sort this out soon. that is the statement they told us today. they said it is an issue of a contract expiring with a service provider. i'm not sure that is the end of it and how quickly this is going to resolve itself. they will still be able to take euros and tourists will have plenty of options to buy the pope bobble heads outside of the vatican city in the shops an
one thing was a 20 million euro transaction. for the vatican that is something that happens on a fairly regular basis that they are moving enormous sums of money between the churches. it got flagged. international protections were not in place to keep the money safe. the pope said we are going to fix this but they are still not there yet and the bank of italy said as of january 1 no more credit card transactions until you get it right. >> i'm not sure, some people say it is a glyp and we...
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Jan 3, 2013
01/13
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inevitably, they'll have to buy some euros. but the down side of the euro is that it's a really mediocre economy. and it's hard to get excited about eurozone investments except in terms of convergence playes and so on. so i think the euro is going to have a hard time raking 1.35 and probably won't go below 1.25 over the next year. there are much more interesting currency toes trade. >> we'll get on to that. but the economy and asset markets, clearly the impact on german equities, up 29% last year. also, in europe, you've got yield plays, right? if you're buying italian debt, you're getting a really good yield play. is it such a disconnect between the fundamentals and sentiment and asset prices? >> well, except asset prices were largely driven last year by the fears that the eurozone was going to fall apart. now that, you know, some of those fears have been put to rest, at least in the short-term, investors are kind of buying back a bit of what they sold. so it doesn't mean that things are good. it just means that they're not as
inevitably, they'll have to buy some euros. but the down side of the euro is that it's a really mediocre economy. and it's hard to get excited about eurozone investments except in terms of convergence playes and so on. so i think the euro is going to have a hard time raking 1.35 and probably won't go below 1.25 over the next year. there are much more interesting currency toes trade. >> we'll get on to that. but the economy and asset markets, clearly the impact on german equities, up 29%...
SFGTV: San Francisco Government Television
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Jan 7, 2013
01/13
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pervasive just telling you the debt crisis is basically a crisis connected to the governments of the euro system that has hit some countries for some reasons. somewhat we were hit because of the sins of our past. we have been having -- we have had a relatively a sizable but stable debt for a long time, but the
pervasive just telling you the debt crisis is basically a crisis connected to the governments of the euro system that has hit some countries for some reasons. somewhat we were hit because of the sins of our past. we have been having -- we have had a relatively a sizable but stable debt for a long time, but the
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Jan 31, 2013
01/13
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mean they could pull out of the euro. could that be the catalyst for this alliance essentially to fall apart? >> well, david cameron did last week pledge a u.k. referendum on membership in the european union to be held in 2017, provided of course the conservatives win an outright majority in the 2015 general election. that of course is a big if. ashley: yeah. >> i would expect to see over the next two or three years potentially a number of members of the eurozone peeling away from it. in particular i think that greece, portugal, spain, perhaps italy may all fall away from the eurozone. the current situation with regard to spain, for example, is completely unsustainable. the spanish simply can in the survive i think in the euro as currently constituted. it really is a straightjacket which makes it extremely difficult actually for individual eurozone nation states to decide their own economic future. after all, the euro is a huge straitjacket and imposes all kind of restrictions upon national sovereignty. after all interest
mean they could pull out of the euro. could that be the catalyst for this alliance essentially to fall apart? >> well, david cameron did last week pledge a u.k. referendum on membership in the european union to be held in 2017, provided of course the conservatives win an outright majority in the 2015 general election. that of course is a big if. ashley: yeah. >> i would expect to see over the next two or three years potentially a number of members of the eurozone peeling away from...
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Jan 25, 2013
01/13
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euro/dollar is about 1% higher on the back of that news. the ifo institute, current conditions, 108. headline index, 104.2 versus 103. ross, what do you make of it? >> well, you can see what's going on with the euro there, 134. let's get more from finland. good to see you, alex. thanks indeed for joining us. the defense here that we're no longer in crisis fighting mode, the question as we look at data in germany, the question is whether we've made a fundamental turn, a fundamental change and whether things are temporary. >> i certainly hope we've made a fundamental turn. if this crisis is 100 steps, i'd say we are about 60 steps down the road. now, really, we have the fundamental institutional things in place. so that has calmed down the markets. what we now need is political stability. i think the italian election is one thing and the second thing we need in europe more than anything else is -- >> yeah. we thought stabilizing the crisis in terms of the bond spreads playing out was hard. getting growth into europe looks to be an almost impo
euro/dollar is about 1% higher on the back of that news. the ifo institute, current conditions, 108. headline index, 104.2 versus 103. ross, what do you make of it? >> well, you can see what's going on with the euro there, 134. let's get more from finland. good to see you, alex. thanks indeed for joining us. the defense here that we're no longer in crisis fighting mode, the question as we look at data in germany, the question is whether we've made a fundamental turn, a fundamental change...
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Jan 2, 2013
01/13
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>> i think euro/sterling's on a five-year trade lower. i think -- i think it does go lower this year. in the next two weeks, i think both euro and sterling do better against the dollar pretty much in tandem. >> yeah. there is this view that u.k.'s heading for its own downgrade. it's going to lose its aaa status. >> yeah. we have more of -- the u.s. is the world's number-one reserve currency, has natural forced buyers of its bonds. and you know poke its nose at the ratings agencies. i'm not sure the u.k. can to the same extent. >> if you're saying there's a yield story there and you want a relative safe haven, then guilds are 1.9%, better than, you know, other things yielding less. >> yes. >> if you want that relative security. >> and we have relatively higher rates. we will continue to have some. when i go to investors about sterling in london, i can talk to private banks all over the west end who have wealthy individuals looking to "fast money" into the pound. and shows who want to go to the pound because i think the credit rating's out
>> i think euro/sterling's on a five-year trade lower. i think -- i think it does go lower this year. in the next two weeks, i think both euro and sterling do better against the dollar pretty much in tandem. >> yeah. there is this view that u.k.'s heading for its own downgrade. it's going to lose its aaa status. >> yeah. we have more of -- the u.s. is the world's number-one reserve currency, has natural forced buyers of its bonds. and you know poke its nose at the ratings...
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Jan 28, 2013
01/13
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i know ryan wants to see the debt drop to the euro. but stabilizing the debt relative to our income is sustainability. and i think we're pretty much there in the u.s. we're nowhere near that in europe. so in the u.s., it's fiscal policy as usual minus 1% for government spending. but in the new year, just as we saw in the last year from public policy, but we're not going to see -- we're going to see bigger squeezing going on in europe. >> carl, we're going to leave tlit. these gentlemen are sticking around. thank you for this great perspective this morning. >> if you have comments or questions about anything that you see here on squawk, e-mail us squawk@cnbc.com. >>> still ahead, a major blow to president obama. this was pretty interesting on friday. his nlrb recess appointments ruled unconstitutional and also puts cord ray, the cpcf -- >> consumer protection board. >> anything that either agency does now could be challenged. >> for 300 different rulings that they've made at this point? >> and how much is twitter really worth? another k
i know ryan wants to see the debt drop to the euro. but stabilizing the debt relative to our income is sustainability. and i think we're pretty much there in the u.s. we're nowhere near that in europe. so in the u.s., it's fiscal policy as usual minus 1% for government spending. but in the new year, just as we saw in the last year from public policy, but we're not going to see -- we're going to see bigger squeezing going on in europe. >> carl, we're going to leave tlit. these gentlemen...
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Jan 10, 2013
01/13
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david, how is the euro? >> last year we had euro/dollar going to 1.35. it ended around 1.32. but this year we have a pretty boring forecast, 1.35. we don't see the -- lasting in euro/dollar. more on sterling, more on the yen. i think we're moving away from the fixation about euro/dollar. and it seems strange that everything is saying that the ecb or european politicians aren't able to do anything. and so i think we'll have to watch europe very carefully. but i think the break-up risk is coming out of the market. >> yeah. it appears to be the case. and we have something to watch today in spain, as well. it's the first bond auction of the year for the al beeran company. the treasury is slashing the debt market up to 5 billion euros since 2013. lloyd's expects a positive results with the first take up. it will be the first issue to feature a collective action clause, designed to make it easier for the government to restructure debt in the case of future crisis. and president obama is expected to make the final touches to his second term economic team today. cnbc's john harwood h
david, how is the euro? >> last year we had euro/dollar going to 1.35. it ended around 1.32. but this year we have a pretty boring forecast, 1.35. we don't see the -- lasting in euro/dollar. more on sterling, more on the yen. i think we're moving away from the fixation about euro/dollar. and it seems strange that everything is saying that the ecb or european politicians aren't able to do anything. and so i think we'll have to watch europe very carefully. but i think the break-up risk is...
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Jan 11, 2013
01/13
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you are staying away from the euro at the moment. do you like the dollar, or is there other currency plays that bring people money here? >> yeah, i'd say we turned less bearish on the euro. we had been building some exposure, but, again, we liked the british pound. we have been in europe, just not in the euro, and you're right, there's a lot of commodity related currencies with growth prospects. china reaccelerating, that should be a good thing for the commodity currencies, particularly, the latin america currencies as well, and that includes the south african brand in that as well. david: buy low, sell high. now's the time. thank you. liz: thanks, jack, brandy portfolio manager and senior research analyst. david: nissan ramping up production here. that's in the speed read. liz: preparing for your returns, the irs says most of us can file at the end of the month. some of you need to wait a couple months. up next, the ceo of liberty tax services says for all of you, better ideas on deductions you can take, but you have to remember to
you are staying away from the euro at the moment. do you like the dollar, or is there other currency plays that bring people money here? >> yeah, i'd say we turned less bearish on the euro. we had been building some exposure, but, again, we liked the british pound. we have been in europe, just not in the euro, and you're right, there's a lot of commodity related currencies with growth prospects. china reaccelerating, that should be a good thing for the commodity currencies, particularly,...
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Jan 30, 2013
01/13
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CNBC
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euro/dollar above 135. the 14-month high for euro/dollar. and dollar/yen 91.17. a two-year high this morning. we heard jillian gillard talk being the aussie dollar, down at 104.36. hasn't done a lot of on that news. and we have the latest out of singapore. >>> thank you, ross. a positive day for asian borses with the weaker yen pushing the nikkei higher by over 2% to close above the 11,000 level for the first time in nearly three years. yahoo! japan jumped 17% today, too, some four-year high after the share buyback plan and lifted its full-year operating profit in dividend forecasts. >>> in china the shanghai composite extended a three-day winning streak ending higher by 1%. beijing announced new measures to open its stock market to taiwan, boosting sentiment. the property index jumped 2% lifted by talk that beijing is willing to tolerate mild home price increases. hong kong gained % helped by china-related counters in the gaming sector. lenovo retreated 2.7% ahead of earning. after the bell, the p.c. maker reported another record quarter in both sales and earnin
euro/dollar above 135. the 14-month high for euro/dollar. and dollar/yen 91.17. a two-year high this morning. we heard jillian gillard talk being the aussie dollar, down at 104.36. hasn't done a lot of on that news. and we have the latest out of singapore. >>> thank you, ross. a positive day for asian borses with the weaker yen pushing the nikkei higher by over 2% to close above the 11,000 level for the first time in nearly three years. yahoo! japan jumped 17% today, too, some...
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Jan 6, 2013
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first, america is not as exposed as britain to the euro zone. second, although i'm as big an english patriot as anatole i don't think we have the kind of muscle to borrow on favorable terms as the americans. i think it's a very easy sometimes for the brits to encourage the americans to have a very fiscal policy, but at the same time, be very supportive of the current austerity program in britain. two not easily reconcilable positions. >> thank you so much. >>> and we will be back. ♪ ooh baby, can i do for you today? ♪ [ female announcer ] need help keeping your digestive balance? align can help. only align has bifantis, a patented probiotic that naturally helps maintain your digestive balance. try align to help retain a balanced digestive system. try the #1 gastroenterologist recommended probiotic. align. >>> 100,000 dead. that is the gruesome total we could see in syria's civil war in 2013. unless the violence is stopped. that's according to the u.n. envoy brahimi and that's on top of at least 60,000 people who have already been killed in t
first, america is not as exposed as britain to the euro zone. second, although i'm as big an english patriot as anatole i don't think we have the kind of muscle to borrow on favorable terms as the americans. i think it's a very easy sometimes for the brits to encourage the americans to have a very fiscal policy, but at the same time, be very supportive of the current austerity program in britain. two not easily reconcilable positions. >> thank you so much. >>> and we will be...
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Jan 6, 2013
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he is one of the euros school. they're run the army caught up with what he was doing. you is this tech? we get to play catch up. i did not -- i was in a cocoon those six months. i did not have a chance to go off campus and talk with the locals and see that. again, there is the square, william faulkner square down and the middle of oxford. i don't know if it still happens that way, but if you are an african american 1962 and had any business on a square, you better be about a quickly. go to the bank. no loitering. no hanging around talking to each other. did your job done and move on. if you tried on a hat, it was your had. you bought it. that kind of a culture. the army has this kind of assignment. humor breaks out. thank god for that. one of our black officers says, when the front of a bus. i'm in the front of of bus in mississippi. that kind of survival humor because it was boring. it was boring, except for those first moments of tension during the riots and the intention letter on when he would be moving from class to class, and we would spot a car that should not b
he is one of the euros school. they're run the army caught up with what he was doing. you is this tech? we get to play catch up. i did not -- i was in a cocoon those six months. i did not have a chance to go off campus and talk with the locals and see that. again, there is the square, william faulkner square down and the middle of oxford. i don't know if it still happens that way, but if you are an african american 1962 and had any business on a square, you better be about a quickly. go to the...
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Jan 16, 2013
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that's having that impact on euro/dl euro/-- eauro/dollar. and saying that it was too strong -- >> maybe because ewald nowotny was in front of a green markets. psychological. >>> we want to look at companies around the globe which are starting to outline and deploy theirity budgets for 2013. a new survey for from gartner of more than 2,000 cios in 41 countries finds plans for total spend down .5% in 2013 with digital technology, mobile devices and cloud computing, among their top priorities. joining us in a first look at the survey is mark mcdonald, group vice president of gartner's executive programs. mark, good morning. so down half a percent. let's start there. this actually is a continuation of a long-term trend. is it a headwind for tech companies? >> well, it's not so much of a headwind as much as a realization that there needs to be a transition from what i.t. has been to what technology needs to be in the future. across those, you know, 36 different industries, we see organizations kind of moving from technology kind of tending to cur
that's having that impact on euro/dl euro/-- eauro/dollar. and saying that it was too strong -- >> maybe because ewald nowotny was in front of a green markets. psychological. >>> we want to look at companies around the globe which are starting to outline and deploy theirity budgets for 2013. a new survey for from gartner of more than 2,000 cios in 41 countries finds plans for total spend down .5% in 2013 with digital technology, mobile devices and cloud computing, among their top...
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Jan 11, 2013
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euro/dollar, 11.3260. let's bring you up to speed with the asian trading session today as they wrap up the week. li sixuan joins us for the first time today. >> thanks, ross. japan was a clear outperformer after shinzo abe unveiled his massive stimulus plan. and the nikkei gained 1.4% today. just to put it into context, this index is up for the ninth straight week, its longest winning streak since late 1988. shares of stocks surged to nearly 5% after the operator of clothing chain unicore raised its full year guidance. but hotter than expected cpi data from china put new pressure on the shanghai deposit. there will be more curbs to taint housing prices. meanwhile, weakness in china's blue chips dropped the hang seng lower. but hsbc did lend some support after the bank said yesterday that the plan to sell its stake to citigroup was still on track. korean automakers took a hit after the korean won climbed to a 17-month high. the kospi finished lower by .5%. in australia, miners lost out as a cyclone affected
euro/dollar, 11.3260. let's bring you up to speed with the asian trading session today as they wrap up the week. li sixuan joins us for the first time today. >> thanks, ross. japan was a clear outperformer after shinzo abe unveiled his massive stimulus plan. and the nikkei gained 1.4% today. just to put it into context, this index is up for the ninth straight week, its longest winning streak since late 1988. shares of stocks surged to nearly 5% after the operator of clothing chain unicore...
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Jan 22, 2013
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. >> do you expect the euro to remain weak for the rest of the year? >> i expect the eurozone crisis to remain weak. people will look carefully at special situations across europe. >> and best performer of 2013? >> it's impossible to tell. let's say the whole of the market. >> very diplomatic answer there. david simple sop, thank you very much for coming by. some hopeful signs there. straight ahead on the program, talking of hopeful signs, our next guest is at u.s. oil production not seen since the 50s. what does it mean? we'll explore that when we come back. . >>> welcome back to "worldwide exchange." these are your headlines. the bank of japan steps up its easing agenda under heavy government pressure, doubling its inflation target and promising open ended qe starting next year. >>> president obama lays out a vision for his second term in his innagul address. >>> and this is the face of the new mr. euro. earlier, we had a nine to one ratio of decliner toes advancers.inaugural. earlier, we had a nine to one ratio of decliner toes advancers. the ftse d
. >> do you expect the euro to remain weak for the rest of the year? >> i expect the eurozone crisis to remain weak. people will look carefully at special situations across europe. >> and best performer of 2013? >> it's impossible to tell. let's say the whole of the market. >> very diplomatic answer there. david simple sop, thank you very much for coming by. some hopeful signs there. straight ahead on the program, talking of hopeful signs, our next guest is at u.s....
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Jan 14, 2013
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and euro slshl dollar, 1.3385. we have been up to 1.34. the high not since march, but since february 2012. that is where we stand right now in europe. serb won has more for us from asia. >> asian markets mostly in the green today as the clear outperformer is china's shanghai composite jumping a stunning 3% today. the index hit a seven-month high on talking about increasing the quota. investors are filling up ahead of the 2012 gdp data due out later this week. if you'll recall, late last week, growth could come in at 7.7%, surpassing beijing's target of 7.7%. so financials and military stocks were the biggest winner necessary today's rally. strengthening mainland blue chips helped boost the sang second higher by .6%. the globals porter li & fug dropped today. the yen has softened to a 2 1/2 year low. elsewhe elsewhere, south korea's kospi add .5% today. australia's asx 200 finished marginally in the green and india's sensex just touched off gaining a strong 1.4%. back to you. >> all right. thanks for that, sish we know. have a good evening
and euro slshl dollar, 1.3385. we have been up to 1.34. the high not since march, but since february 2012. that is where we stand right now in europe. serb won has more for us from asia. >> asian markets mostly in the green today as the clear outperformer is china's shanghai composite jumping a stunning 3% today. the index hit a seven-month high on talking about increasing the quota. investors are filling up ahead of the 2012 gdp data due out later this week. if you'll recall, late last...
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Jan 15, 2013
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the country has sold 3.25 billion euros of 12-month bills and 2 1/2 euros of 18-month bills. roughly in line with what we saw the last time, 2.2% and 2.7% respectively. it's still waiting for the yield to come through on the 12-month. it is down significantly, 1.25% versus 2.65% on december 11th. and, ross, you see the 18 month yield there? >> no. >> when that comes through, we'll read it out for you, as well. let's get some initial take on this. bruno, these 18-month yields below 1.8 pefrs versus almost 279% the last time. so we're seeing this auction, a key test ahead of thursday has gone off reasonably well. >> yes, it has. it's clearly something that the investors are looking at because if you look at the correlation of both the euro/dollar and the market, on the verses express of both spanish and italian yields, i think it is very important to have these filled up quite consistently. of course, the short end of the curve is giving an indication it's a very volatile part of the curve. the end of the curve is a more important one because that's clearly showing the long-ter
the country has sold 3.25 billion euros of 12-month bills and 2 1/2 euros of 18-month bills. roughly in line with what we saw the last time, 2.2% and 2.7% respectively. it's still waiting for the yield to come through on the 12-month. it is down significantly, 1.25% versus 2.65% on december 11th. and, ross, you see the 18 month yield there? >> no. >> when that comes through, we'll read it out for you, as well. let's get some initial take on this. bruno, these 18-month yields below...